Profits paid by the bank on a savings account

Q: Is profit paid on a savings account by the bank halaal or haraam?

A: The profits given to you by the bank for the money you deposit into your account will be counted as interest which is haraam and a curse.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)